{"id":295,"date":"2018-04-24T04:05:41","date_gmt":"2018-04-24T04:05:41","guid":{"rendered":"http:\/\/blog.colive.in\/?p=295"},"modified":"2025-08-29T14:32:16","modified_gmt":"2025-08-29T09:02:16","slug":"rental-properties-deposit-deduction-dispute","status":"publish","type":"post","link":"https:\/\/www.colive.com\/blog\/rental-properties-deposit-deduction-dispute\/","title":{"rendered":"The 3 Dark \u2018Ds\u2019 Of Independent Rental Properties \u2013 Deposit, Deduction, And\u00a0Dispute"},"content":{"rendered":"<p>Taking the big decision of moving into a new city is hard, we often do this for growth and a better future prospect. But underneath remains many unacknowledged truths, \u201cRenting\u201d of course is one of the top ones. Starting from hunting the appropriate house to vacating it and claiming the deposit back, all-in-all Renting an apartment is one herculean task.<\/p>\n<p>Locating rental properties suiting your lifestyle is difficult for every individual, it becomes even more complex for single men\/women and those with pets. And once the property is discovered, starts the landlords\u2019 tantrum and their unrealistic demands. Here we underline the 3 dark sides of independent rental properties:<\/p>\n<p>&nbsp;<\/p>\n<h3>Deposit, Deduction &amp; Disputes \u2013 The 3 Dark \u2018Ds\u2019 Of Independent Rental Properties<\/h3>\n<p>&nbsp;<\/p>\n<p><strong>1. Deposit<\/strong><\/p>\n<p>Tenants are ready to pay a suitable rent for a property but the sky-high security deposit demands are one of the main hindrances. In cities like Bengaluru, landlords demand 10 months\u2019 rent, which many times is a pain for prospective tenants. For young tenants in such situations, they either end up taking loans or they compromise and choosing other options of living, like hostels and PGs which are often not decent choices. As per\u00a0<a href=\"http:\/\/www.thehindu.com\/news\/cities\/bangalore\/tenants-seek-cap-on-security-deposit-for-rented-homes\/article8376099.ece\">The Hindu<\/a>, online petitions have been signed with almost 25000 signatures where tenants demand that security deposit should be capped at three months\u2019 rent. But this petition is still to be approached\u00a0to\u00a0the High court.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>2. Deduction<\/strong><\/p>\n<p>While signing the rental agreement, tenants pay a heavy deposit which according to the agreement has to be returned to the tenant while leaving the property. Claiming the security deposit itself is one big task. And once it is claimed, tenants need to suffer heavy deductions. There is a number of queries online which depicts the pain of tenants while recovering the security deposit.<\/p>\n<p>As per a\u00a0<a href=\"http:\/\/www.tikshare.com\/953\/Deposit-advance-for-rented-house-Painting-expenses-deduction\/\">tenant<\/a>,\u00a0landlord\u00a0deducted heavy amount from his security under the name of painting a 2 BHK. Another\u00a0<a href=\"https:\/\/www.kaanoon.com\/47\/owner-of-flat-deducting-extra-money-from-security-deposit\">tenant<\/a>\u00a0says, <em>\u201cI made an initial deposit of Rs 70,000\/- as security. Now I&#8217;m vacating it and I had given the owner\u00a01-month\u00a0advance notice. But the owner told me that he would deduct\u00a01-month\u00a0rent (Rs 12000\/-) extra as a penalty for leaving the house within 11 months. However, no such thing is mentioned in the Agreement\u201d. <\/em>Also, there are few cases where the prospective tenant pays the deposit and due to last minute call, if he\/she unable to move into the property, landlords deduct a huge amount for no reason.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>3. Dispute<\/strong><\/p>\n<p>Every property undergoes some normal wear and tear, and no deduction should be made for the same. But here the question arises who will decide that it is regular or unavoidable wear and tear. Here arises the dispute. Despite regular cleaning of the property and giving it back in a good condition, landlords generally win this war. Reason being, most of the tenants neither have time nor money to file a case and to take this at a legal level.<\/p>\n<p>&nbsp;<\/p>\n<h3>How CoLiving Addresses These Issues?<\/h3>\n<p>&nbsp;<\/p>\n<p>CoLiving is easy in many ways. First you can get your preferred location on the tap of your fingers; second, you get to live in a community of like-minded people and third you need not get into the hassles of solving security deposit disputes with your landlords. Here the before and after inspection of the property is done by professionals and they never let you down. As per <a href=\"https:\/\/www.forbes.com\/sites\/suparnadutt\/2018\/01\/16\/landlord-discrimination-and-increasing-rental-prices-are-driving-a-co-living-boom-in-india\/#21279d0ad5d6\">Forbes<\/a>, the rent and security deposit in CoLiving is negligible and it\u2019s becoming a new normal in big cities.<\/p>\n<p><a href=\"https:\/\/www.colive.in\/whycolive.html\">CoLive offers Branded, Serviced, Homes<\/a> at posh localities in Bangalore, Chennai, Coimbatore, Madurai, Thanjavur, and Vellore. Students, young professionals, DINK couples or senior citizens can rent fully furnished apartments with luxury amenities at reasonable rates.<\/p>\n<p>CoLive makes renting hassle free. To know more visit\u00a0<a href=\"https:\/\/www.colive.com\/\">www.colive.com<\/a> or contact us at 7676000500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Taking the big decision of moving into a new city is hard, we often do this for growth and a better future prospect. But underneath remains many unacknowledged truths, \u201cRenting\u201d of course is one of the top ones. Starting from hunting the appropriate house to vacating it and claiming the deposit back, all-in-all Renting an [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":296,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","two_page_speed":[],"footnotes":""},"categories":[5],"tags":[197,199,196,10,200,201,198],"class_list":{"0":"post-295","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-security","8":"tag-landlord","9":"tag-landlord-disputes","10":"tag-rent-deposit","11":"tag-rental-properties","12":"tag-security-deposit-deductions","13":"tag-security-deposit-refund","14":"tag-security-deposit-return"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>The 3 Dark &#039;Ds&#039; Of Independent Rental Properties \u2013 Deposit, Deduction, And Dispute<\/title>\r\n<meta name=\"description\" content=\"This blog highlights the dark side of rental properties \u2013 security deposit, unfair deduction and landlord disputes\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.colive.com\/blog\/rental-properties-deposit-deduction-dispute\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"The 3 Dark &#039;Ds&#039; Of Independent Rental Properties \u2013 Deposit, Deduction, And Dispute\" \/>\r\n<meta property=\"og:description\" content=\"This blog highlights the dark side of rental properties \u2013 security deposit, unfair deduction and landlord disputes\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.colive.com\/blog\/rental-properties-deposit-deduction-dispute\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Blog - 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